The U.K. Treasury said so few women could potentially have applied to replace Paul Tucker at the Bank of England that it can’t divulge exactly how many did so.
Bank of England Governor Mark Carney took action to restrain the U.K.’s house-price boom by ending incentives for mortgage lending in a package aimed at curbing “evolving risks” to financial stability.
Bank of England Governor Mark Carney said he doesn’t have the power to shut down the government’s Help to Buy plan as critics say it may fuel unsustainable house- price increases.
The pound weakened from a one-month high against the dollar as an industry report showed U.K. mortgage approvals unexpectedly declined in October.
Former Bank of England policy maker Adam Posen said the U.K. government’s program to aid first-time home buyers may be fueling a bubble in prices that could provoke a crisis in the pound.
Former Bank of England policy maker Adam Posen said Governor Mervyn King exerts too much power that goes unchallenged by officials at the central bank.
The $11.6 trillion U.S. government bond market is losing some of its luster.
Former Bank of England policy maker Adam Posen said U.K. central bankers are likely to refrain “indefinitely” from further asset purchases as they mistakenly doubt the potency of quantitative easing.
The Bank of England will soon start providing forward guidance on monetary policy in a manner similar to the U.S. Federal Reserve, former U.K. policy maker Adam Posen said.
Bank of England policy maker Adam Posen called on central banks from Europe to the U.S. to be more aggressive in combating lackluster economic growth and inflation.
"What's going to happen is we are going to have a lasting penalty."
- Adam Posen on Oct 20, 2013
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